Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Total revenue $ 2,280 $ 2,198 $ 6,720 $ 6,415
Cost of services:        
Subscriber acquisition costs 86 71 267 245
Sales and marketing 281 269 838 725
Engineering, design and development 70 68 208 197
General and administrative 132 125 382 376
Depreciation and amortization 134 135 404 399
Impairment, restructuring and acquisition costs 69 (95) 70 13
Total operating expenses 1,813 1,570 5,246 4,875
Income from operations 467 628 1,474 1,540
Other (expense) income:        
Interest expense (107) (111) (314) (313)
Loss on extinguishment of debt 0 (83) 0 (83)
Other (expense) income (3) (1) (5) 8
Total other expense (110) (195) (319) (388)
Income before income taxes 357 433 1,155 1,152
Income tax expense (110) (90) (307) (157)
Net income 247 343 848 995
Foreign currency translation adjustment, net of tax (21) (10) (23) 2
Total comprehensive income $ 226 $ 333 $ 825 $ 997
Net income per common share:        
Basic (in USD per share) $ 0.06 $ 0.08 $ 0.22 $ 0.24
Diluted (in USD per share) $ 0.06 $ 0.08 $ 0.21 $ 0.24
Weighted average common shares outstanding:        
Basic (in shares) 3,900 4,044 3,925 4,086
Diluted (in shares) 3,968 4,119 4,001 4,170
Subscriber revenue        
Revenue:        
Total revenue $ 1,734 $ 1,666 $ 5,166 $ 4,918
Advertising revenue        
Revenue:        
Total revenue 457 451 1,292 1,235
Equipment revenue        
Revenue:        
Total revenue 50 41 148 149
Cost of services:        
Cost of services 4 4 9 12
Other revenue        
Revenue:        
Total revenue 39 40 114 113
Revenue share and royalties        
Cost of services:        
Cost of services 709 671 2,090 1,974
Programming and content        
Cost of services:        
Cost of services 155 141 448 407
Customer service and billing        
Cost of services:        
Cost of services 122 127 373 372
Transmission        
Cost of services:        
Cost of services $ 51 $ 54 $ 157 $ 155